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a bloomberg story. the cost of the war in iraq and afghanistan. it this far outpaces anything. just the war costs in the tax cuts alone, what day account for are the debt. the way you get out of this debt is to pile all of this burden on middle income families and senior citizens. they're the most vulnerable. it is just plain wrong. this is outrageous. ..will close with this bi the house of riverses appears to be here. president obama has put a lot on the table. he put some that makes me very uncomfortable. he has gone the extra mile by any objective analysis. we're close to this deadline. these are something that does not recommend a conference bridge a compromise. it was right off a cliff ticket we should not be doing this. we should be finding ways to come together. let's move on. i regret that we are here. we do not even know what the you're going to bring to the floor. i've never experienced a thing like this before. i regret that we are here. i thank you very much for being here. i wish your counterpart were here. >> thank you. >> thank you very much. how many hearings has this bill r
is going to count winding down the war in afghanistan as a substantial part of the savings. that could be worth about $1 trillion over 10 years. meanwhile, john boehner is working on his own deficit- reduction debt limit increase plan. he would take -- that plan would be affected in two stages. the first would be $900 trillion or so deficit reduction package, spending cuts, paired with roughly equal amount in debt limit increase. then he would empower a special committee to find an additional $1.60 trillion to authorize or trigger another increase in the debt ceiling. the problem with this proposal, however, it would require raising the debt ceiling by the requisite $2.40 trillion amount into the stages. that is something the president and democratic leaders after yesterday's said is a nonstarter. they say it would create too much uncertainty for the marketplace and the economy if this process had to be replaced at the beginning of next year or summer of next year. >> the house republicans made their own at last it with a cap and balance plan that did not make it to the senate. the pre
and afghanistan. if before the newspaper announced it was closing, members of the british house of commons held an emergency debate on wednesday to discuss whether a full public inquiry was needed to look into the phone hacking. you're the first hour of that debate with remarks by the british attorney general and the labor spokesman for home affairs. >> we come to the emergency debate on phone hacking at the news o >> the housethe house will obsen the light of interest, i have imposed a seven minute limit on the back bench contributions. it'll take effect after the contributions. it'll depend on early contributions. to open the debate, i call mr. bryan's. in were hacked by the news of the world. >> one family member spoke today. another has been in touch with me and several others. the police are looking at not dust wireless phones of these families but the family of mcca hn.the charge is even longer. this is particularly worrying given the long third trial. scandalously, it also seems it targeted some of those police officers who were at various times in charge of the investigation into the ne
about fraud in afghanistan, iraq, pakistan, and now the congress wants us, after giving away our jobs, not fair trade, free trade agreements -- now they want to go back and give them away with korea. i cannot believe the direction that this country has gone in. we keep talking about corporate tax rates. that is the key word. "rate." they are not paying 35%. they are paying 4%, 6%, 9%, and i am making up the difference. the irs is after a relative of mine who lost their job. they owe them $5,000. karzei and his brother have walked off with billions of dollars and our congress cannot seem to stop it. guest: well, there is a lot there. obviously, a lot of these countries, and it is very disappointing to see fraud and hopefully over time it will go down, i do not want to make any excuses for it because there are no excuses for that activity. a lot of these countries do not have the same developed a rule of law that we have over here. even in our country, there have been instances of fraud and bribery and things like that. there were huge problems in its new jersey and in the past. in illi
month for military operations in afghanistan alone to prop up a corrupt and incoetent karzai government. how about ending wasteful subsidies to big agriculture companies? how about asking billionaire hedge fund managers to pay the same tax rates as their secretaries? the truth is that the best way to deal with our long-term fiscal situation is to grow our economy. that means creating jobs and putting people back to work. the last election i thought was about jobs. we haven't talked about jobs at all since the new republican majority became -- came to power. that means investing in things like education and inastructure and green technology and medical research. that's the kind of economic future the american people deserve. the boehner default plan would take us exactly in the wrong direction and urge my colleagues on both sides of the aisle to reject it. i yield back the balance of my time. the speaker pro tempore: the gentleman yields back the balance of his time. the gentleman from california has 5 1/2 minutes remaining. the gentleman is recognized. mr. dreier: mr. speaker, as i list
Search Results 0 to 4 of about 5